Overview:

The global ultralight and light aircraft market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The experience of flying an ultra-light aircraft is described as riding a motorcycle in the air. An ultra-light aircraft is a light aircraft with fixed wings that can accommodate one or two people. A light aircraft is an aircraft with a maximum total take-off weight of 12,500 pounds or less. These aircraft are designed for recreational use and short-distance flight. The aviation authorities of various countries have different standards and definitions for slow-flying light aircraft, and these standards and definitions are subject to various regulations.

Market Dynamics:

Growing use of unmanned aerial vehicles (UAVs) for surveillance and monitoring is a key factor driving market growth globally. Lower cost of ownership and convenience of flying are the other key factors expected to boost growth of the global market in the coming years.

However, restrictions on trade between China and the US coupled with concerns related to China’s overheating economy leading to a recession in the global economy may hamper market growth. Nonetheless, the technological innovation in UAVs has increased its application in various fields, thus providing opportunities for the development of the global ultra-light and light aircraft market.

Key Trends:

For business expansion, key players are adopting strategies such as development of advanced technology, expansion of distribution networks, and launching of new products. For example, in April 2019, Piper Aircraft Corporation introduced two trainer aircraft, namely the Pilot 100i and Piper Pilot 100 to enhance its product portfolio in the segment of pilot training.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analysed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the major revenue share in 2019, owing to presence of large ultra-light and light aircraft manufacturers in the region such as Cirrus Aircraft (Canada), Piper Aircraft (US) and Textron (US). The market in Asia Pacific is expected to register significant CAGR during the forecast period due to increasing awareness about the wide application of ultra-light and light aircraft in the region.

Scope of the Report:

Detailed Segmentation:

Global Ultralight and Light Aircraft Market, By Type:

• Ultralight Aircraft
• Light Aircraft
• 600–2,500 MTOW
• 2,500–5,700 MTOW

Global Ultralight and Light Aircraft Market, By End Use

• Civil & Commercial
• Military

Global Ultralight and Light Aircraft Market, By Flight Operation

• CTOL (Conventional Take-off and Landing)
• VTOL (Vertical Take-off and Landing)

Global Ultralight and Light Aircraft Market, By Technology

• Manned
• Unmanned

Key Players Covered:

Key players operating in the global market includes, American Legend Aircraft Co., Cirrus Aircraft, Costruzioni Aeronautiche TECNAM S.p.A., Aeropro s.r.o, Dynali, P&M Aviation, Evektor, Piper Aircraft Inc., Quicksilver Aircraft, and Flight Design General Aviation GmbH.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Ultralight and Light Aircraft Market by type, end use, flight operation, technology, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global ultra-light and light aircraft market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.